Investment and replacement analysis in shipping

Article type: Research Article

Authors: Wijsmuller, M.A.^{; *}

Affiliations: Faculty of Shipping and Shipbuilding, Delft University of Technology

Note: [*] Assisted by J.G.B. Beumee.

Abstract: This paper presents an extensive investment- and replacement model especially designed for the shipping-industry. The method is based on Linear Programming techniques. After a survey of existing methods the model developed at the Delft University of Technology is highlighted. Together with a verbal description of its constitution the formal representation of objectfunction and constraints is given. The method has been applied to an fictitious example, of which the results are presented. It is envisaged that the method will find primarily its application in liner-shipping, although it can also provide a decision-making tool for trampowners.

DOI: 10.3233/ISP-1979-2629402

Journal: International Shipbuilding Progress, vol. 26, no. 294, pp. 32-43, 1979